Paulson Sold 37% of $GLD, Just Prior to its Epic Run

I won’t say he is cursed, only because he’s somehow managed to etch out a multi-billion dollar net worth and retains the trust of his investors, despite making one very public bonehead move after the next.

As fate would have it, John Paulson has held is gold position for an eternity; but decided to pare it down by 37%, just prior to its upside explosion.

He reduced his GLD position from 9.23 million shares to a mere paltry piker sum of 5.8 million.

It’s like the stock Gods waited for the precise moment when he sold to jack it up.